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But with the acquisition came another opportunity for raising earnings through an array of accounting maneuvers.
In April, with high world steel prices raising earnings, the company restarted debt negotiations.
The company also increased its outlook for the year, raising earnings expectations to $1.88 to $1.92 a share.
Growth companies such as the pharmaceutical leaders are raising earnings rapidly again, thanks to their overseas spread.
Another encouraging sign has come from Wall Street analysts, more of whom are raising earnings estimates than cutting them for the first time in 15 months -- a sign to some that the worst of the market declines may be over.
Programs that put welfare recipients into wage-paying jobs with case management and other types of support have produced somewhat better results in raising earnings and employment, though at substantially more cost.
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Moreover, they raise earnings inequality.
The Toshiba Corporation became the latest semiconductor maker to raise earnings forecasts.
Some apparel stocks bucked the downward trend as the companies raised earnings outlooks.
The restructuring is expected to raise earnings per share 3percentto7percentcent in the year to March.
Intel executives said a tax benefit of $300 million raised earnings by 5 cents a share.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com